The AI bubble, Taylor said, will be similar to the dot-com bubble in the late 1990s.
AdvertisementThe buzz surrounding AI may echo the exuberance and excesses of the dot-com bubble in the late 1990s, OpenAI chairman Bret Taylor said in a podcast that aired on Wednesday.
"I think the AI bubble will rhyme with the dot-com bubble and I believe with the benefit of hindsight, most of the excess of the dot-com bubble might have been justified," Taylor added.
Most of today's leading tech companies like Amazon and Google, Taylor said, were started during the dot-com bubble.
Advertisement"A huge percentage of the gains in the stock market over the past 30 years have more or less been these digital companies created in the dot-com bubble," Taylor said.
Persons:
Bret Taylor, Sam Altman's, Taylor, Harry Stebbings, —, Sam Altman, Mark Twain, Stebbings, Elon Musk, Goldman Sachs, Jim Covello, hasn't, We’ve, Elon, Musk
Organizations:
OpenAI's, Service, Google, Business Insider, Stanford, Facebook, Elon
Locations:
OpenAI, Silicon Valley